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Are Businesses Entitled to a Fair Profit?
One of the cliches of the New Deal was that businesses were entitled to a “fair” profit. Leonard Read astutely pointed out that profits (and losses) have nothing to do with “fairness.”
Original Article: Are Businesses Entitled to a Fair Profit?
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By Mises Institute
4.7
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One of the cliches of the New Deal was that businesses were entitled to a “fair” profit. Leonard Read astutely pointed out that profits (and losses) have nothing to do with “fairness.”
Original Article: Are Businesses Entitled to a Fair Profit?
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